Market Overview:
The global neurovascular guidewire market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of neurological disorders, technological advancements in neurovascular guidewires, and rising demand for minimally invasive surgeries. However, the high cost of advanced neurovascular guidewires may restrain the growth of this market during the forecast period. Based on type, the global neurovascular guidewire market is segmented into coronary guidewires, peripheral guidewires, urological guidEWIRESs and neurovascular guide wires. The coronary GuidEWIREs segment is expected to account for the largest share of this market in 2018 owing to increasing incidence rates of cardiovascular diseases across globe. Based on application, hospitals are estimated to account for majority share in 2018 followed by ambulatory surgical centers (ASCs).
Product Definition:
A neurovascular guidewire is a thin, flexible wire that is inserted through a small opening in the skull to help guide the placement of other devices, such as stents or coils, used to treat conditions in the brain. The use of a guidewire helps improve accuracy and reduces the risk of complications.
Coronary Guidewires:
Coronary guidewires are used for the purpose of viewing and mapping out the coronary arteries during an angiography or Coronary Artery Bypass Grafting (CABG) procedure. The growth factor in this market is expected to grow at a significant rate owing to factors such as growing prevalence of cardiovascular diseases, increasing geriatric population base, rising disposable income levels and technological advancements in medical devices.
Peripheral Guidewires:
Peripheral guidewires are used for the visualization of blood vessels in peripheral regions of the body. These devices are thin, hollow tubes made up of flexible materials like silicone and metal that can be inserted into blood vessels to view their interior. Peripheral guidewires have a lumen (opening at one end) through which medical instruments or light can be inserted to examine tissue structure and function as well as aid in surgical procedures.
Application Insights:
Based on application, the global neurovascular guidewire market is segmented into hospitals, ambulatory surgical centers and others. The hospital segment dominated the market in 2017 owing to factors such as a high prevalence of cardiovascular diseases and rising geriatric population at hospitals. According to WHO¢â‚¬â„¢s estimates, in 2016, around 1 in 3 deaths occur due to CVDs globally which indicates a huge potential demand for interventional procedures that require vascular devices.
The other application segment includes clinics/hospitals and home healthcare services. In developed countries like U.S., Germany etc.
Regional Analysis:
North America dominated the global market in 2017 owing to a rise in the prevalence of cardiovascular diseases and neurological disorders. According to data published by National Institute of Neurological Disorders & Strokes (NINDS), around 90 million people suffer from neurodegenerative conditions, such as Parkinson’s disease, Alzheimer's disease, and Huntington's disease. In addition, according to American Heart Association (AHA), coronary heart diseases are among the top three causes of deaths in U.S., affecting more than 1 million Americans every year.
Asia Pacific is expected to grow at a lucrative rate over the forecast period due to factors such as increasing geriatric population prone Cardiovascular Diseases (CVDs).
Growth Factors:
- Increasing incidence of neurological disorders: The global prevalence of neurological disorders is increasing at a significant rate. This is primarily attributed to the changing lifestyle and environmental factors. This, in turn, is expected to drive the demand for neurovascular guidewires over the forecast period.
- Technological advancements: Neurovascular guidewire manufacturers are focusing on developing technologically advanced products that can offer better performance and safety features. This is likely to boost the demand for neurovascular guidewires in the coming years.
- Growing geriatric population: The geriatric population is highly susceptible to various neurological disorders such as stroke, aneurysm, and dementia due to their weak immune system and declining health conditions. Thus, rising geriatric population is anticipated to fuel the growth of neurovascular guidewire market in near future..
Scope Of The Report
Report Attributes
Report Details
Report Title
Neurovascular Guidewire Market Research Report
By Type
Coronary Guidewires, Peripheral Guidewires, Urological Guidewires, Neurovascular Guidewires
By Application
Hospitals, Ambulatory Surgical Centers
By Companies
B. Braun, Boston Scientific Corporation, Cook Medical, Medtronic, Smiths Medical, St. Jude Medical, Inc, Terumo Corporation, Stryker, Ashai Intecc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Neurovascular Guidewire Market Report Segments:
The global Neurovascular Guidewire market is segmented on the basis of:
Types
Coronary Guidewires, Peripheral Guidewires, Urological Guidewires, Neurovascular Guidewires
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- B. Braun
- Boston Scientific Corporation
- Cook Medical
- Medtronic
- Smiths Medical
- St. Jude Medical, Inc
- Terumo Corporation
- Stryker
- Ashai Intecc
Highlights of The Neurovascular Guidewire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Coronary Guidewires
- Peripheral Guidewires
- Urological Guidewires
- Neurovascular Guidewires
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Neurovascular Guidewire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A neurovascular guidewire is a long, thin tube that is inserted into the brain through a vein in the arm and threaded through the blood vessels to reach specific areas of the brain. The guidewire helps deliver medications or other treatments directly to damaged areas of the brain.
Some of the major companies in the neurovascular guidewire market are B. Braun, Boston Scientific Corporation, Cook Medical, Medtronic, Smiths Medical, St. Jude Medical, Inc, Terumo Corporation, Stryker, Ashai Intecc.
The neurovascular guidewire market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Neurovascular Guidewire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Neurovascular Guidewire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Neurovascular Guidewire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Neurovascular Guidewire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Neurovascular Guidewire Market Size & Forecast, 2018-2028
4.5.1 Neurovascular Guidewire Market Size and Y-o-Y Growth
4.5.2 Neurovascular Guidewire Market Absolute $ Opportunity
Chapter 5 Global Neurovascular Guidewire Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Neurovascular Guidewire Market Size Forecast by Type
5.2.1 Coronary Guidewires
5.2.2 Peripheral Guidewires
5.2.3 Urological Guidewires
5.2.4 Neurovascular Guidewires
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Neurovascular Guidewire Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Neurovascular Guidewire Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Neurovascular Guidewire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Neurovascular Guidewire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Neurovascular Guidewire Analysis and Forecast
9.1 Introduction
9.2 North America Neurovascular Guidewire Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Neurovascular Guidewire Market Size Forecast by Type
9.6.1 Coronary Guidewires
9.6.2 Peripheral Guidewires
9.6.3 Urological Guidewires
9.6.4 Neurovascular Guidewires
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Neurovascular Guidewire Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Neurovascular Guidewire Analysis and Forecast
10.1 Introduction
10.2 Europe Neurovascular Guidewire Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Neurovascular Guidewire Market Size Forecast by Type
10.6.1 Coronary Guidewires
10.6.2 Peripheral Guidewires
10.6.3 Urological Guidewires
10.6.4 Neurovascular Guidewires
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Neurovascular Guidewire Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Neurovascular Guidewire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Neurovascular Guidewire Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Neurovascular Guidewire Market Size Forecast by Type
11.6.1 Coronary Guidewires
11.6.2 Peripheral Guidewires
11.6.3 Urological Guidewires
11.6.4 Neurovascular Guidewires
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Neurovascular Guidewire Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Neurovascular Guidewire Analysis and Forecast
12.1 Introduction
12.2 Latin America Neurovascular Guidewire Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Neurovascular Guidewire Market Size Forecast by Type
12.6.1 Coronary Guidewires
12.6.2 Peripheral Guidewires
12.6.3 Urological Guidewires
12.6.4 Neurovascular Guidewires
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Neurovascular Guidewire Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Neurovascular Guidewire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Neurovascular Guidewire Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Neurovascular Guidewire Market Size Forecast by Type
13.6.1 Coronary Guidewires
13.6.2 Peripheral Guidewires
13.6.3 Urological Guidewires
13.6.4 Neurovascular Guidewires
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Neurovascular Guidewire Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Neurovascular Guidewire Market: Competitive Dashboard
14.2 Global Neurovascular Guidewire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 B. Braun
14.3.2 Boston Scientific Corporation
14.3.3 Cook Medical
14.3.4 Medtronic
14.3.5 Smiths Medical
14.3.6 St. Jude Medical, Inc
14.3.7 Terumo Corporation
14.3.8 Stryker
14.3.9 Ashai Intecc
